Between 2013 and 2019, the sawnwood production in Kenya remained consistent at 296 thousand cubic meters per year. However, in 2020, production declined to 279 thousand cubic meters, a 5.74% decrease from the previous year. This lower production level continued through 2021 and 2022. In 2023, production slightly increased by 0.96% to 281.67 thousand cubic meters. The compound annual growth rate (CAGR) over the last five years, ending in 2023, was -0.99%, highlighting a slight downward trend.
Forecasted data from 2024 to 2028 shows a gradual increase in production, reaching 294.57 thousand cubic meters by 2028. The expected CAGR over these five years is 0.71%, leading to an overall growth rate of 3.61%. This anticipated growth indicates a slow but steady recovery in the Kenyan sawnwood industry.
Future trends to watch for include:
- Potential impacts of environmental and regulatory policies on production capacities.
- Technological advancements in forestry and timber processing that could enhance efficiency and output.
- Market demand fluctuations both locally and globally, influenced by construction and manufacturing sectors.
- Sustainability practices in forestry management that could affect the long-term availability of raw materials.
